Good News In June Budget for Furnished Holiday Let Owners. Today the Chancellor of the Exchequer has set out his Budget. The measures announced will reduce the deficit, introduce a fairer tax system, and encourage an enterprise and growth agenda in the UK. The Budget 2009 proposal to repeal the special tax rules for furnished holiday […]
Insurance Premium Tax Rise – ONLY 1% Holiday Home Insurance purchasers will today breathe a sigh of relief that in todays Emergency Budget, the Chancellor, George Osbourne announced that Insurance Premium Tax (IPT) will only be increased by 1% to a total of 6%. This increase follows widespread speculation that he would use the Emergency Budget to announce a far larger […]
Holiday Home Insurance – cover for evicting “Squatters”. Thankfully the risk of squatters occupying well managed holiday cottages marketed at a fair rate to ensure high occupancy throughout the year is slim. However with problems surrounding the supply of affordable housing in rural and coastal areas the threat is ever present. Not all holiday home insurance […]
Running a Holiday Let is not always plain sailing. Owners should consider their Holiday Home Insurance provider wisely. By choosing to partner with Boshers as your broker and Ecclesiastical Insurance as your underwriter, you will benefit from the following: Peace of Mind – we have worked closely with our Holiday Home Insurance underwriter Ecclesiastical, holiday letting […]
Holiday home insurance specialists, Boshers Ltd advise furnished holiday let owners to review their cover and in particular to check that sums insured are correct. Mark Lavington, Director of Boshers Ltd said that, “many holiday home owners will find that their holiday home insurance falls due for renewal during the Spring and early Summer as […]
Tax reliefs on Furnished Holiday Lettings – unexpected bonus for UK holiday home owners. According to various articles in the press, the Government has dropped the removal of tax relief on Furnished Holiday Lettings. This was one of several tax increases in the Budget, due to be enacted before Parliament was dissolved prior to the General […]
2010 Budget | Furnished Holiday Letting (FHL). As announced last year, the tax advantages of Furnished Holiday Letting businesses will be withdrawn with effect from 6th April 2010. Income from FHL will be treated in the same way as income from other property rents. This means there will be less advantageous offset of losses and a number […]
As an insurance broker, specialising in holiday home insurance for furnished holiday lets across the UK; we are increasingly being asked questions by owners and their agents regarding legislation surrounding the operation of a holiday cottage. Insurance is our speciality and we are not lawyers, so we will often seek our own guidance from the […]
Security precautions when installing Key Safes at your holiday home. You, your holiday home, your holiday home insurance and key safes Firstly check with your holiday home insurance broker that the use of Key Safes is acceptable. There may be specific warranties that you will need to adhere to in order not to invalidate your holiday home […]
UK Second Home Owners Warned Of New Arctic Weather Set For February 2010. Winter is far from over yet, if todays news headlines are to be believed. Having already experienced one of the coldest winters for decades, arctic weather is set to return next week. Quality Holiday Home Insurance will give holiday home owners peace of mind, although prevention […]
Guide To Holiday Home Insurance. Letting your holiday home commercially has many benefits, however as with running any business it isn’t without risk. It is therefore important to get the right holiday home insurance cover. Many holiday home owners may unwittingly be relying on normal home insurance cover or even more disconcerting have no cover at […]
The 25 best iPhone apps to help home owners manage your money. The popularity of the iPhone has been fuelled by the huge range of applications available for users to download. More than a million “apps” will find the nearest cash point, teach you french or provide the latest news headlines. There are also hundreds of […]
“Be Prepared For The Thaw”, Boshers advise their holiday home insurance clients. We are here and ready to help. To make a claim, call us Monday to Friday 8.30-5pm on 01237 429444 or Ecclesiastical on 0845 603 8381, 24 hours a day, 7 days a week The cost and personal inconvenience caused by a burst pipe […]
Furnished Holiday Lettings – read the Members of Parliament briefing. Under the Furnished Holiday Lettings rules, income from furnished holiday accommodation may be treated as income from a trade for tax purposes, although generally the letting of property is not a trade. In the 2009 Budget the Government announced that FHL rules would be repealed from […]
From the news – source Travolution Holiday Cottages Group (HCG), the UK’s number one holiday cottage rental agency with more than 10,000 properties in the UK, is launching its first TV campaign in three years. The advert will premiere on Boxing Day and run throughout quarter one. Holiday Cottages Group has reported sales of domestic […]
Holiday Let Restoration Projects Sought By Holiday Cottages Magazine. Are you thinking about turning an old barn, brewery or bakery into a holiday let? Or any other pre-1945 building? If so, and you would like free advice on the project, read on. In conjunction with Robert Hill of the Historic Building Advisory Service, Holiday Villas and […]
Insulate Your Water Pipes Against the Big Freeze Rugging up is essential for both people and water pipes during this icy snap, with pipes likely to freeze as temperatures continue to plummet. Boshers Holiday Home Insurance Specialists offer the following advice about fixing frozen pipes in your holiday homes, but with a little preventative investment […]
The Chancellor has confirmed that the Furnished Holiday Lettings Rules will be withdrawn from 2010/11. The Chancellor has confirmed that the Furnished Holiday Lettings Rules will be withdrawn from 2010/11. Self-catering industry bodies continue to lobby the government. In the meantime Boshers Holiday Home Insurance clients can purchase a copy of Furnished Holiday Lets – your Emergency Tax Planning Guide at […]
Here is another Tax Guide written by renowned property tax expert Carl Bayley and published by respected Taxation advisors, Tax-Cafe.co.uk. Holiday Home Insurance Specialists, Boshers Ltd have negotiated a 30% discount off the purchase price of £24.95 + £1.95 P&P for our clients and friends. For discount code details and information on how to purchase a copy click this link: […]
The Minister of State, Department for Culture, Media and Sport (Margaret Hodge) recently reported to the House Of Commons. “The number of overseas tourists who visited England in each of the past three years is as follows: in 2006, 27,586,288; in 2007, 27,794,425; in 2008, 27,291,584. Figures for 2009 show a downward trend in numbers, reflecting […]
Holiday Homes and Holiday Cottages in the UK can be particularly susceptible to water damage caused by burst pipes, as they often lay empty for days at a time during the low season. According to the weather forecasters, tonight will bring the first widespread frost of this winter. Please ensure that you have taken preventative […]
Ten Tips For Holiday Home Owners Or Guests Affected By Flooding Gather essential items together either upstairs or in a high place. Fill containers such as kettles and saucepans with clean water. Move your family and pets upstairs, or to a high place with a means of escape. Turn off gas, electricity and water supplies […]
Latest Met Office Warning: Unsettled weather is expected to continue across the UK over the next few days, with heavy rain and gale-force winds bringing the risk of flooding in places. In the 24 hours to 11 a.m. Thursday, Seathwaite (Cumbria) has recorded 173 mm of rain, Shap (Cumbria) 71.6 mm, Keswick (Cumbria) 64.2 mm […]
Boshers advises UK holiday home owners to use quieter periods, such as the Winter months to carry out essential maintenance checks so their properties are protected from inclement weather and in tip top order for the following letting season. Mark Lavington, says: “Many weather related insurance claims could be avoided if holiday home owners were to […]
More Britons opted for “staycations” in the UK in first half of the year, providing a much needed boost for domestic tourism. The number of holidays taken in England by UK residents rose by 14% compared to the same period last year. That amounted to 2.6 million more trips and more than 9.1 million extra […]
In this post we explore the subject of a holiday home owners duty to adhere to electrical safety regulations. Is your Holiday Home Safe To Let? Landlords Guide To Electrical Safety. Although the UK has a fairly good record of electrical safety, there are still over 30 deaths and nearly 4000 injuries from electrical accidents and […]
The Federation of National Self Catering Associations was founded to provide a forum for bodies representing the interests of owners or operators of self-catering holiday accomodation, thus facilititating the the exchange of information and debate on matters of common interest. They have a number of other very worthy aims and objectives which include making representations to offical […]
In this post we take a look at the Fire Safety Of Furniture and Furnishings in Holiday Homes And Furnished Residential Properties. A Comprehensive Guide To The UK Regulations. An amendment to the Regulations made in 1993 requires that all furniture supplied within rented accommodation (including those classified as ‘fixtures and fittings’) needs to meet […]
Calls for Government rethink on holiday letting tax change. A GOVERNMENT tax change that could cause the closure of holiday lettings, an increase in second homes and cost the county’s economy an estimated £5 million has been slammed by tourism promoters, owners of holiday homes and MPs. The Government announced in the last Budget that it […]
Holiday Let Tax Changes Threaten Investment, Says Industry Survey. Controversial Government plans to change the tax rules on furnished holiday lets will be a direct threat to new investment in the tourism sector, according to our new survey. We have established that the proposed removal of tax breaks on capital investment was highlighted as the top […]